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Shirley has just invented a new pain-relief drug and has obtained a patent, so no one can sell theproduct without her permission. Shirley is willing to sell the rights to be the monopoly provider of thenew product in the Australian market. (That is, the firm that buys the rights to use the patent becomes asingle-price monopolist selling drug in the Australian market.) Each unit of the drug costs $2 to make(that is MC = $2 per unit) and the demand curve in Australia for the product is q = 18 - P. What is themaximum that the government would be willing to pay for the patent? (Hint: the government would liketo maximise total surplus of producers and consumers in the market, but is not willing to pay more thanthe total surplus generated by the new drug.)
I need help with identifying 5-realistic and important factors that will contribute to a successful United State economic recovery over the next 5-years.
Assume the government decides to pass a law that requires all businesses to delay all future layoffs, giving at least 3 months notice to any workers they plan to lay off.
What is the something else that DeSoto argues is necessary for a capitalist economy to produce wealth? Choose and explain one example or counter example used by DeSoto to make his case.
How much does it choose to sell when it enters the market? What is the resultant market price? How much does each of the two firms earn in profits?
The GDP fails to capture changes in the availability of leisure time and often fails to reflect changes in the quality of products or in the availability of new products." Discuss this statement from the textbook. Why is this so?
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
In the economy of Cape Despair, subsistence real wage rate is $15 an hour. Whenever real GDP per hour increase above $15 the population grows,
In a simple model of duopoly, two company manufacture the same good, for which each firm charges either a low or a high price. Each firm wants to achieve the highest profits.
What is the repricing gap? In using this model to evaluate interest rate risk, what is meant by rate sensitivity? On what financial performance variable does the repricing model focus? Explain.
Calculate the percent change in the MM as well as the percent change in the MB during this period. Then calculate the percent change in the money supply during this same five year period.
Using the 3-graph model developed in chapter 14, consider first the impact on the demand for loanable funds. If businesses respond as expected to the investment-tax credit, what will happen to the demand for loanable funds Given this, what, if any..
physicians offices supply some urgent care services i.e. services patients seek for prompt attention but not for
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